ABT stock: buy or sell

ABT stock price: $122.60 2.17% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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ABT stock brief

  • Abbott stock rose 2.17% to close at $122.60 on the stock market on Wednesday.
  • On Tuesday, Abbott released its Q1 earnings report
  • Atlantic Securities and Morgan Stanley published bullish ratings for Abbott on Wednesday, with an average forecast of $131.00
  • Price is drawing a scaled uptrend since June 2020 with higher tops and higher bottoms. Up to date, price marked a 44.42% gain since the beginning of this rally
  • Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide.

Should I buy Abbott stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ABT stock a buy?

Following Stock2 trading strategies, there are 2 buy setups eligible for Abbott:

Uptrend buy setup

Abbott stock continues to trend higher since in June 2020 and marked an amazing 44.42% gain. Price marked a pull back in this uptrend at $114.32 in early March, and since then it bounced up a 7.24%. Breaking out above $128.07 - it's last top - will be a good entry point if Abbott resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $115.26

Buy setupBuy pointStop lossRisk
Uptrend buy setup$128.07$115.2610.00%

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't have upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 4.46% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $128.07. The stop loss would be ordered at $115.26

Buy setupBuy pointStop lossRisk
ATH buy setup$128.07$115.2610.00%

Should I sell Abbott stock?

When is it time to sell Abbott?. Trading strategies prevent us from making rash decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow and are only valid for selling stocks you already own, not for shorting Abbott stock

A guiding principle is that you should never hold a trade that shows a greater losses than those expected upon purchase. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Abbott stock?

Currently, Abbott stock doesn't match any of our preferred sell setups, so if you hold Abbott shares and your operation is in profit probably is not time to sell now

Abbott ratings

In the last 30 days, 3 ratings were published for Abbott

Abbott analysts' ratings - Last month
Brokerage firmRating
Apr 15th, 2021
Atlantic Securities Neutral
Apr 21st, 2021
Atlantic Securities Neutral
Morgan Stanley Buy

Abbott stock analysis

Since in June 2020, Abbott has been drawing an uptrend that so far marked a gorgeous 44.42%. During this uptrend, the price gave some buy points on the breakouts. Latest low was in early March, when price bounced at $114.32. Currently, the price moves in a consolidation between its last top ($128.07) and its last bottom ($114.32)

SMAs overview

ABT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $128.07 (4.46% above)
  • The current support levels are:

  • S1: $114.32 (-6.75% below)
  • S2: $114.26 (-6.80% below)
  • S3: $112.95 (-7.87% below)
  • Bollinger bands

    Since the price surpassed the upper band last Monday, the price dropped by 2.25%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    ABT stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 55.15. Since RSI lost the overbought zone, Abbott shares collapsed a 3.29%

    ABT stock RSI chart

    Abbott stock price history

    Abbott went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, ABT stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would be valued $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ABT stock price history chart

    Price target for Abbott stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. Again, these estimates are not direct recommendations for small investors and should not be trusted blindly.

    The average price target for Abbott stock calculated from the table below is $128.00. That is a 4.40% than the last price ($122.60).

    Abbott stock price predictions
    Brokerage firmPrice target
    Apr 15th, 2021
    Atlantic Securities $122.00
    Apr 21st, 2021
    Atlantic Securities $122.00
    Morgan Stanley $136.00$140.00

    Earnings and financials

    On Tuesday, Abbott ($ABT) hosted the earnings event and released the report. ABT surpassed consensus earnings estimates and presented of $1.32, that is a 3.94% better than expected compared to the initial predictions of $1.27. Nevertheless, reported sales of $10.5 billion were in line with consensus forecasts.

    Same quarter last year, reported EPS was $0.65, so recently posted EPS means an increase of 103.08%. Looking at revenues, figures exploded a 28.71% compared to $83.1B year over year.

    ABT ($ABT) will host the Q2 earnings call next July. Forecasted for this quarter is $1.25, compared to $1.32 that was reported for Q1.

    Abbott performance

    ABT performance compared
    Company1m3m6m
    Abbott ($ABT) 1.10% 9.60% 14.00%

    Disclaimer:
    The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational motives only

    ABT summary

    Wednesday, April 21st, 2021
    Open$120.43
    Close$122.6
    Day range$119.86 - $122.85
    Previous close$120
    Session gain2.17%
    Average true range$2.38
    50d mov avg$120.60
    100d mov avg$115.60
    200d mov avg$109.64
    Earnings dateJuly 15th, 2021

    Frequently asked questions

    What is Abbott stock symbol?

    Abbott Laboratories is a public company trading in the US stock market with the ABT symbol

    Is Abbott stock a buy or sell?

    Abbott received 3 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will ABT go up?

    Abbott had different price predictions published by analysts in the last month setting the target price to $128.00. That is a 4.40% than the last price ($122.60).